March 24, 2016
In After Hours Trading
IPOs on deck this week include Spring Bank Pharmaceuticals (SBPH) which has still not priced. Secondaries on deck today AM SUI VTAE.In After Hours Trading: FUL +.04 KBH +.04 PVH +.06 SIGM +.07.
Lower Guidance: none of note. Mixed Guidance PVH.
What's Happening This Morning
U.S. futures: S&P -12, Dow Jones -90, NDX -26 and Russell 2000 -6.30 with fair value a tad lower. Asia lower and Europe higher.Copper lower,silver higher and gold lower. WTI Crude and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield at 1.86% yield -7, one month change +12 and +0 one year change. Prices as of 7:55 a.m. EDT.
Top Sectors Healthcare, Industrial Goods and Financial.
Weak Sectors Conglomerates and Utilities.
One month winners Conglomerates, Technology, Basic Materials, Industrials and Services.
Three Month Winners Utilities.
Six Month Winners Utilities, Technology, Industrial Goods and Consumer Services.
One Year Winners Utilities.
Year To Date Utilities, Conglomerates.
Earnings due after the close (by avg. trade volume): GME RH TNGO PSUN.Due next Monday morning (by avg. trade volume descending): CALM.
Rags & Mags: Inside Wall Street
Bloomberg: Overseas markets are pulling back. The U.S. Dollar is gaining strength. Bearish bets rise on the British Sterling. Japan's bond market close to breaking down.
Reported Earnings This Morning
Reported Earnings This Morning (Best to Worst absolute beats/misses [+.02 or greater/-.02 or worse]): ACN +.16 CMC +.03 FINL +.03 SCHL +.26.Lower Guidance: FINL.
Current Morning missing: SIG YGE.
March 24, 2016